Getting an SBA Loan for Commercial and Industrial Machinery and Equipment (except Automotive and El

Looking for commercial loans for commercial and industrial machinery and equipment (except automotive and el? Talk to a banker who works with the SBA. This $187,100 commercial and industrial machinery and equipment (except automotive and el loan was issued by a Texas bank.

Mid-West Railroad Construction L.L.C. received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Jpmorgan Chase Bank, out of Houston, Texas. The loan was granted and they received $187,100 to help grow their Tulsa, Oklahoma business.

SBA Loan Borrower

Mid-West Railroad Construction L.L.C.
7445 East 21st Street
TULSA, OK 74129

SBA Loan Lender

JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment (except Automotive and El

Loan Approval Date

2/14/2006

Loan Approval Gross Amount

$187,100

Loan Approval from the SBA

Of the total $187,100 loan amount, the SBA guaranteed $140,325.

More Information on This SBA Loan

The borrower, Mid-West Railroad Construction L.L.C., borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 12 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan to Mid-West Railroad Construction L.L.C. shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Business Line of Credit

Best Houston, Texas Banks for Small Business

Texas SBA 7A Lenders

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